USDCHF Daily Outlook: June 15

About Setyo Wibowo:

Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own.
Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

USDCHF Outlook
The USDCHF had bullish momentum on Friday. On h4 chart below we can see that the hammer formation gave us valid bullish warning. The bias is bullish in nearest term but remains neutral in medium term. Immediate resistance is seen at 1.0850. Break above that area should trigger further bullish momentum. Initial support at 1.0750. Break below that area could lead us into no trading zone.

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